PONS

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0992%/8h= −108.6% APRnext payment −$4.96 per $10,000 · paid last 24h −0.029%

Price spread now: Bitget against Gate+0.294%7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$890.891% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.136%−$14 on $10k

Price spread, last 7 days−0.287%−$29 · spread now +0.294%, 7d avg +0.044%

Together, before fees−0.423%−$42 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.250% dearer against Gate than usual: you sell high and buy low (spread +0.294% now, against its 7-day average of +0.044%): +$25 on $10k if it goes back. Holding the pair costs −$30 a day in funding at the current rate, which eats that in about 20 hours. At the pace of the last 7 days (−0.136% in total) that is about 13 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.136% in total (about -7.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.96 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PONS_USDT	0.6126	0.1268	pay 0.0634% / 4h	3h 10m	$5.4M	$6.2M	20x
Short	Bitget PONSUSDT	0.6144	0.0276	get 0.0138% / 4h	3h 10m	$4.8M	$11.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee BitgetbpOrdersPrice spread, now +0.294%Rate

Funding earned: −$208.32
Price spread: +0.294% → +0.044%: $25
Slippage, 4 orders: −$62.11
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$272.43
Costs to cover: 0.891%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; Bitget: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 3 min ago	2.45 bp	29.8 bp −$30	232.9 bp −$2,329	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	2.12 bp	18.6 bp −$19	doesn't fit	doesn't fit	doesn't fit

PONS on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) PONS/USD	L +0.0033% / S −0.0033%	1h	0.6111	−0.250%	$242K	—	150x	as long as short
Injective PONS/USDC PERP	+0.0033%	1h	0.5969	−2.555%	$614	$10K	5.5x	as long as short
Popdex PONSUSDT	+0.0096%	1h	0.6129	+0.049%	$20K	$415K	20x	as long as short
Variational Omni PONS	+0.0100%	4h	0.6118	−0.131%	$1.4M	$4.2M	—	as long as short
ApeX Omni PONSUSDT	+0.0100%	1h	0.6098	−0.451%	$33K	$356K	5x	as long as short
Orderly PERP_PONS_USDC_mythos	+0.0100%	4h	0.6126	+0.002%	$2K	$3K	10x	as long as short
SunX PONS-USDT	+0.0100%	4h	0.6132	+0.091%	—	$1.3M	10x	as long as short
SoDEX PONS-USD	+0.0100%	1h	0.6119	−0.113%	$27K	$543K	3x	as long as short
HTX PONS-USDT	+0.0100%	4h	0.6133	+0.121%	$65K	$510K	20x	as long as short
Phemex PONSUSDT	+0.0100%	4h	0.6118	−0.131%	$1.7M	$3.2M	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH PONS	+0.0128%	1h	0.6132	+0.095%	$434K	$2.6M	3x	as long as short
Aevo PONS-PERP	+0.0176%	1h	0.6121	−0.073%	$381	—	3x	as long as short
OKX PONS-USDT-SWAP	+0.0210%	4h	0.6134	+0.131%	$14.1M	$56.6M	20x	as long as short
KuCoin PONSUSDTM	+0.0218%	4h	0.6132	+0.096%	$1.8M	$3.7M	20x	as long as short
Bitget PONSUSDTshort	+0.0276%	4h	0.6144	+0.294%	$4.8M	$11.3M	20x
Aster PONSUSDT	+0.0325%	4h	0.6128	+0.037%	$1.1M	$2.0M	20x	as long as short
edgeX PONSUSDC	+0.0381%	4h	0.6107	−0.318%	$21K	$294K	10x	as long as short
Binance PONSUSDT	+0.0389%	4h	0.6127	+0.015%	$40.3M	$96.1M	20x	as long as short
MEXC PONS_USDT	+0.0390%	4h	0.6132	+0.098%	$8.0M	$4.9M	20x	as long as short
Extended PONS-USD	+0.0392%	1h	0.6126	−0.007%	$253K	$678K	5x	as long as short
Lighter PONS	+0.0480%	1h	0.6133	+0.116%	$1.7M	$941K	3x	as long as short
Bybit PONSUSDT	+0.0591%	4h	0.6134	+0.131%	$18.4M	$30.9M	20x	as long as short
BingX PONS-USDT	+0.0592%	4h	0.6141	+0.245%	—	$3.1M	—	as long as short
Nado PONS-PERP	+0.0602%	1h	0.6132	+0.094%	$106K	$115K	5x	as long as short
BloFin PONS-USDT	+0.0631%	4h	0.6126	0.000%	$1.8M	$996K	20x	as long as short
Pacifica PONS	+0.0665%	1h	0.6133	+0.110%	$48K	$78K	3x	as long as short
Polymarket Perps PONS-USD	+0.0794%	1h	0.6130	+0.059%	$45K	$1.6M	3x	as long as short
Hyperliquid PONS	+0.0871%	1h	0.6127	+0.011%	$62.3M	$29.2M	3x	as long as short
Gate PONS_USDTlong	+0.1268%	4h	0.6126	long leg	$5.4M	$6.2M	20x
Phoenix PONS	+0.1608%	1h	0.6139	+0.214%	$32K	$113K	3x	as long as short